Examlex
Which of the following most closely reflects the universal access approach?
Common Stock
A form of corporate equity ownership, a type of security that represents ownership in a corporation and a claim on a portion of its profits or losses.
Revenue
The overall income that a corporation gathers from the sales of merchandise or offering of services throughout a designated period.
Prepaid Insurance
An asset account that represents insurance payments made in advance of the coverage period, to be expensed as the insurance coverage is used up.
Accounts Payable
Money owed by a business to its suppliers shown as a liability on a company's balance sheet.
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